UAM Sector Set For Tighter Finances and Consolidation | Aviation International News

UAM Sector Set For Tighter Finances and Consolidation

Sameer Saveni from UK industry group ADS says UAM pioneers have reached an inflection point from which a smaller number of eVTOL contenders will emerge.

By Charles Alcock • Managing Editor

June 25, 2020

The Urban Air Mobility (UAM) sector has reached an inflection point that could see consolidation among the more than 200 companies vying to bring new aircraft to market, according to Sameer Savani, head of innovation and engineering with UK industry association Aerospace, Defence, Security & Space (ADS). Addressing a June 25 conference organized by the Institution of Engineering and Technology, he said that while Covid-19 has not changed many of the drivers and challenges for this fast-growing aviation sector, it might result in financing constraints that could affect the viability of some would-be market entrants.

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